Manchester United up for sale: Glazer family open to offers as Qatar emerges as potential buyer

Key Highlights :

1. Qatar are bidding to buy Manchester United and have put forward a third round of bidding.

2. The Glazers, the club's current owners, have pushed back their deadline to complete a sale of the club, with the ownership situation at Old Trafford still unclear.

3. Qatar Sports Investment – who share a direct link to the Qatari state – are likely to increase their investment into Paris Saint-Germain and remain committed to the French club amid interest in buying Spanish team Malaga.

4. It is unclear if this will impact the bid for United – but the prolonging of the bidding process is likely to pour doubt on the situation.

5. To avoid a conflict of interest, Qatar are hopeful of buying Manchester United through a different investment fund not linked to QSI – which is eyeing investment in Malaga, who are struggling near the foot of the Spanish second division.

Manchester United, one of the most successful and popular football clubs in the world, is reportedly up for sale, with the Glazer family, the club's current owners, open to offers from potential buyers. According to recent reports, United have already received two offers in the second round of bidding, with a third bid expected in the next few days. The Glazer family has owned Manchester United since 2005, and during their tenure, the club has won numerous trophies, including five Premier League titles, three League Cups, and the UEFA Champions League. However, the family has faced criticism from some United fans who accuse them of putting their own financial interests ahead of the club's success on the field.

According to the Telegraph, the Glazers are keen to sell the club and are waiting for the right offer. The family is in the process of selling their other clubs, the Tampa Bay Buccaneers and Arsenal, and are expected to receive a total of £4.1 billion for both. Qatar is believed to be a serious contender for United, with the wealthy Gulf state looking to invest in football.

While United have struggled to win major trophies in recent years, the club remains one of the most valuable sports franchises in the world, with Forbes valuing the club at $4.2 billion in 2021. United's global appeal and massive fanbase make it an attractive investment for potential buyers, especially as the club's commercial revenues continue to grow.

However, any potential sale is likely to be complicated, with the Glazers holding a significant stake in the club and controlling the majority of the voting shares. Fans have also expressed concerns about the potential impact of new ownership on the club's culture and identity, with many calling for fan ownership or increased fan representation on the club's board.

Despite these concerns, the possibility of new ownership has generated excitement among some United fans, who hope that new investment could lead to a return to the club's glory days. However, it remains to be seen who will ultimately end up owning Manchester United, and what the future holds for one of the most iconic football clubs in the world.

Continue Reading at Source : irishmirror